ReneSola (SOL) Reports Q1 EPS of $0.28, Beats By 5c; Raises FY08 Outlook Again
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ReneSola Ltd. (NYSE: SOL) reports Q1 EPS of $0.28, 5 cents better than the analyst estimate of $0.23. Revenues for the quarter were $123 million, versus the consensus of $105.87 million.
Sees production output during Q2 in the range of 75-80 MW, which compares to 66.5 MW in Q108 and 23 MW in Q107. ReneSola also increased its previously issued FY08 guidance once again: production output goes from 310-320 MW to 330-340 MW and sales go from $530-$550 million to $570-$590 million, versus the consensus of $533.78 million.
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